Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-12-25
CAPITAL INVESTED


To get az the actual prof. made in man,
ufacturing this enormous product. we
must add the wages paid and the cost OF
materials used together and deduct the
sum from the value of the gross product.
The aggregate wages paid WAS $605, 000,-
600; the cost Of materials used was
1875 900, o00-making together $780,
900 GEO. Take this from the gross
product ($3,1e6. 1872 OO) and we have
56s6, 142 600 So the net prota-which is
So per cenG. On the gross capital invested.
The profits of manufacturing in the in
dustrisl states, therefore, double the
capital employed in making them once
every three years.
In 1882 there were 2,S48 900 depositors
in savings banks in the nine industrial
states, aud their total deposits were ST.
029, 900 600, an average of over $3.50 to
each depositor. This does not include
the numoer Of deposltors, together with
the sums on deposit in the other banks
which, if added, would double the aggre-
gate sum On deposit. The only egricul-
tursl states that show any savings bank
deposits worth considering are Ohio,
Maryland, Indiana, Minnesota and Califor-
inland it is instructive to observe
that the prosperous little manufacsur-
ing state of Rhode Island has more than
four times IS much money on deposit ss
the great agricultural state OF Ohio, and
tWeuty five times as much IS Indiana
the figures for the three states being
Rhode Island, S5l.07s GEO; Onie, sl2,-
COZ, 200; Indians, S2,l7l 600. The little
manufacturing state Of New Hampshire
has (S43, S27 000) more tnan the six egri-
cultural states, Ohio, Indiana, Illinois,
wisconsin, Minnesota and Iowa; and the
sipgle manufacturing state OF Massachu-
Sets has ($275, 1000, 0O9) more than all the
twenty-five agricultural states put to-
gether.
And even these figures 60 not fully ex-
hiblG the enormous wealth Of the favor
nine manufacturing states. The prosper
Gus people OF Vermont have increased
thsis. denasiSs in savings banks in the last
| two years from Sl1, 723 900 TO 81. $751;
GOO; and two small Vermont towns,
Weathersfeld and Springfield have near.
ly 100000 in western mortgages. The
state Of New Hampshire holds $S5,-
600, 900 in western mortgages, and
the aggregate amount which the
nine manufac uri'g states hold IN
western property mortgages farms.
town and city real estate, railroads, and
telegrsphs, is probably not less than 81,
500, 100000. The latest agricultural
bureau report states that so per cent. OF
the farms in Kansas are mortgaged to
eastern money lenders-Which means that
one-third of the entire taxable property
in the state $500, 600 e00l is owned in
the eastern manufacturing states. The
report estimates that about rs per cent.
of the farns in the other western states
are under mortgage, mostly to eastern
money lenders.
The annual profit In farming in the ag-
ricultursl state is estimated st the Low
rate OF 81 per cent. But the annusl pref
in manufacturing in the nine industris
states, as shown above, is So per cent. 4
or it was that IN 1880, and it is these ed
ormous profits that Fill the savings bsuks
of these states with deposits, and .ensble
thsm 30 own an aggregate interest of
81, 500, 600 in the property Of the
west. =
No western man envies the msnufsct-
urlng states their wealth, but whist show
of jus ice is there in bleeding twentT-nine
states of the Union TO swell the vefks of
nine states-ln taxing the agriculturyf IN
terest, which barely earns 81 per cent. OF
its capitsl, for the enrichment of the man
ufacturing interest, which earns So per
cent. -